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U.S. markets news

Europe steadies before Greece summit, China stocks fall again
LONDON European stock and bond markets steadied on Tuesday before a euro zone leaders summit to discuss the Greek debt crisis while a further fall in Chinese shares reminded investors of other dark clouds on the horizon.
Greece set to present new proposals to eurozone leaders  USA TODAY
European Stocks Steady as Investors Await Outcome of Eurozone Summit  Wall Street Journal
Banks resubmit bankruptcy contingency plans
Federal banking regulators said the nation's 12 largest banks have resubmitted plans for navigating a bankruptcy that would not require a taxpayer bailout.
US Banks Post Detailed Crisis Plans To Avoid Breakup Threat  International Business Times
Banks' 'living wills' aim to prevent more bailouts  Boston Globe
China's Stocks Extend Rout as Traders Cut Margin Bets by Record
China's Shanghai Composite Index fell for a fourth time in five days as gains in the biggest state-owned companies failed to outweigh a record drop in margin bets.
China's plunging markets could take toll on Xi Jinping  The Australian Financial Review
China stocks fall again despite support measures  Reuters
UPDATE 2-Facebook executive Sheryl Sandberg joins board of SurveyMonkey
(Adds day of Sandberg's statement in fifth paragraph). By Sarah McBride. SAN FRANCISCO, July 6 (Reuters) - Facebook Inc's Chief Operating Officer Sheryl Sandberg is taking a seat on the board of SurveyMonkey, the online polling company that was run by ...
Sheryl Sandberg Joins Surveymonkey's Board  NDTV
Facebook exec Sheryl Sandberg joins SurveyMonkey board  StreetWise Journal
Starbucks raises prices on some brews
New York - Starbucks will raise prices on some drinks by between 5 and 20 cents beginning Tuesday, a move that the company said may increase the average amount customers spend by about 1 percent.
Starbucks Raising Drink Prices Starting Tuesday  KOLO
Starbucks is hiking prices, again  Fox17
Greek financial crisis: How the country moves forward after the No vote
The jubilance expressed by the supporters of the No side in Greece's historic referendum may be short-lived, as the country faces the sobering realities of its precarious financial situation.
Tsipras' New Plan To The Eurozone: Give Us More Money  Forbes
ECB raises pressure on Greek banks  MarketWatch
Samsung Electronics misses profit target
Samsung Electronics said Tuesday that it expects to report 6.9 trillion won in operating profit in the second quarter, down 4 percent from a year earlier.
Samsung Electronics Profit Guidance Suggests Costly S6 Miss  NDTV
Samsung Electronics posts over Sh 600b in second quarter operating profit  The Standard Digital News (satire) (press release) (registration) (blog)
American Apparel closing underperforming stores
American Apparel will close underperforming stores and cut jobs as part of a $30 million cost-cutting strategy to turn its floundering business around.
American Apparel to Close Stores; May Need to Raise Capital  Wall Street Journal
American Apparel to Cut Stores, Trim Workforce  TIME
UPDATE 2-Chipmaker AMD cuts revenue estimate, citing weak PC sales
... * Lowers adj gross margin estimate to 28 pct from 32 pct. * To take a one-time charge of about $33 million in Q2. * Stock falls as much as 15 pct in extended trading (Adds analyst comment, background).
AMD shares dive 14% on sales warning  USA TODAY
Advanced Micro Second-Quarter Sales to Be Less Than Forecast  Bloomberg
Govt on mission mode for 1.75 lakh MW renewable power by 2022
The government today said it is committed to accomplishing the target of 1,75,000 MW renewable energy including 1,00,000 MW solar energy by 2022.
Renewables = 17% of US Electricity Production In April (Exclusive)  CleanTechnica
Solar power production quadrupled over three years in New York state  Albany Times Union